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https://twitter.com/michaelxpettis/status/17047895343726922712/ Does protection raise productivity and wages? If that were universally true, India and Brazil would have the world's highest wages. It worked for east Asia because it went hand in hand with export orientation, high investment, and businesses that learned & adapted quickly.
https://twitter.com/BillAckman/status/15965098456995758092/ the positives clearly outweigh the negatives. For a handful, it’s the opposite: asbestos, fentanyl come to mind. So far, ransomware, money laundering, fraud and other negative use cases seem to collectively outweigh the positive use cases for crypto. wsj.com/articles/crypt…
https://twitter.com/GrogsGamut/status/1588348331612590080From @RBAInfo's monetary policy statement: "Inflation is ... very high and broadly based ... After initially being predominantly driven by supply shocks, inflation is now spreading to more persistent non-discretionary items..."